investments
LVMH boss buys stake in Cartier owner, sparking takeover rumors: reported
LVMH chairman Bernard Arnault has reportedly bought a stake in the luxury rival that owns Cartier, sparking rumors of a possible takeover battle.
Rivian soars as Volkswagen plows $5B into struggling EV maker
VW said it would initially invest $1 billion into a joint venture to create what was described as a “next generation software-defined vehicle platform” that will be used in both...
This stock index – which you maybe never heard of – is nearly as vibrant as tech
With AI hype dominating the stock market, you can probably guess – and guess correctly – that this year’s top-performing global stock sector is tech. But which sector has come...
Saudi wealth fund in talks to shake up boxing world by creating league: report
Boxing is the latest sport to attract possible investment from the PIF, which is chaired by the crown prince, after deals across golf, Formula 1, and football.
Craig Conover finally reacts to Kyle Cooke calling him a ‘liar’ over Loverboy investment feud: 'Deeply disappointed'
"Craig is deeply disappointed and saddened by Kyle's abrupt accusations," a publicist for the "Southern Charm" star exclusively tells Page Six Friday.
Appeals court rejects SEC fee rule in win for private equity, hedge fund industry
The rule overturned on Wednesday required fund managers to issue quarterly performance and fee reports and perform annual audits.
Carl Icahn reportedly owns sizable stake in Caesars, sending shares soaring
The casino operator, which runs Caesars Atlantic City and Caesars Palace, missed market expectations for first-quarter results, offset by low table hold in its Las Vegas segment.
Billionaire Nelson Peltz rakes in $1B after selling entire Disney stake following board fight: report
In April, Disney shareholders backed Chief Executive Bob Iger and other company directors after a multimillion-dollar, mud-slinging battle launched by Peltz and Blackwells Capital.
Locked out of the US housing market? Here’s how to win ‘revenge’ in the meantime
Hacked off with soaring housing costs and stubborn mortgage rates? Disgusted by skimpy supply and the fierce bidding wars that are now required to find a decent place to live? ...
Ether ETF gets surprise approval from regulators in 'exciting moment' for crypto industry
Nine issuers including VanEck, ARK Investments/21Shares and BlackRock hope to launch ETFs tied to the second-largest cryptocurrency after the SEC in January approved bitcoin ETFs in a watershed moment for the industry.
Warren Buffett reveals secret $6.7B stake in insurer Chubb after slicing Apple
The disclosure sent Chubb's share price to a record high in after-hours trading, rising 6.3% to $268.96.
NYC's cops, firefighters, teachers and city worker pension funds have millions sunk in TikTok parent ByteDance
As TikTok's future in the US remains murky, dozens of venture capitalist firms have invested millions of dollars from US pensions funds – including those of New York's police officers...
Wall Street bonuses expected to surge this year — here's which bankers will benefit most
Wall Street firms are expected to hand out bigger bonuses this year as investment banking, equity markets and fixed income trading make major rebounds, a survey showed.
Sorry, Team Biden: Lower capital-gains taxes aren't racist — higher ones are
As usual, Biden's got everything backwards on the economy. This time on capital gains taxes and racism.
BlackRock looks to make monthly paychecks part of 401(k) employee retirement plans
BlackRock is reportedly looking to shakeup employers' default retirement strategies by turning a portion of retirement savings into fixed lifetime payments through target-date funds embedded with annuities.
Miami investor bets on Israeli tech firms: 'Battlefield becomes ultimate sandbox for innovation'
Much of the defense technology Israel uses to root out Hamas in Gaza and ward off Hezbollah in Lebanon could soon be deployed across the US, said Aaron Kaplowitz, founder...
Kim Kardashian's private equity firm SKKY raises fraction of $1B goal
Kim Kardashian's private equity firm SKKY Partners has struggled to land funding -- raising just a fraction of its $2 billion goal, according to a federal securities filings.
Stressed about rising gas prices? There's a major upside in stocks if you know where to look
The energy sector’s rally isn’t some OPEC+ cut-induced headfake or a temporary, war-driven spike. It’s the real thing.
BlackRock, Wall Street firms reportedly steered billions to blacklisted Chinese companies
The House Select Committee on the Chinese Communist Party concluded that through investments in index funds, American financial institutions funneled $6.5 billion last year to some 63 Chinese companies flagged...
Goldman Sachs reports surprise profit surge thanks to strong trading, dealmaking
Goldman Sachs recorded a 28% surge in quarterly profits -- topping Wall Street's expectations thanks to surprising strength in the bank's trading and investment banking operations. The Wall Street giant...